Economy

Aerial view of residential housing neighborhood representing US housing market affordability under 6.78% mortgage rates

August 27, 2026

US Mortgage Rates Hit 6.78%—3-Week High Cools Homebuyer Demand

Mortgage interest rates climbed to their highest point in three weeks during the week ending August 21, with the Mortgage Bankers Association reporting an average contract interest rate of 6.78 percent for

Canada-US border crossing at Peace Arch during trade war escalation

Business·Policy·USA

Canada Hits Back with 50% Retaliatory Tariffs as US Trade War Escalates

Canada will impose dollar-for-dollar retaliatory tariffs on U.S. goods beginning September 8, Prime Minister Mark Carney announced Saturday, marking a decisive escalation in a trade dispute that has shaken the foundations of the North American economic partnership. The counter-measures respond

August 25, 2026

Panama Canal Drought Drives $4M Skip as El Nino Threatens Prices

Business·Environment·World

One ship paid a staggering $4 million this month to jump the line at the Panama Canal, a vivid sign that drought and a

US National Debt Crosses $40 Trillion as Interest Costs Top $1 Trillion

Business·USA

The U.S. national debt crossed $40 trillion this week, breaching a threshold that economists once considered theoretical. The Treasury Department confirmed that the total

Business·News·UK

UK Inflation Climbs as Energy Bills Squeeze Household Budgets

Britain’s cost of living pressures have intensified, with inflation rising faster than expected for the first time in months. The Office for National Statistics reported today that annual inflation reached 2.9 percent

Sunita Somvanshi

August 19, 2026

Business·Canada·Policy

50% Tariffs at Midnight: PM Carney’s ‘Very Intense’ Talks With Trump Race Against Clock

Canada is racing against time to avert US tariffs of 50 percent set to take effect at midnight. Canadian and US negotiators met ahead of the deadline, but no deal has been

Sunita Somvanshi

August 19, 2026

Business·USA

30-Year Treasury Yields Surge to 5.19%—Highest Since 2007—As Mortgage Rates Climb to 6.75%

The US 30-year Treasury yield has surpassed 5.19 percent, reaching its highest level since 2007. The bond selloff reflects persistent inflation fears, oil prices above $100 per barrel, and the US-Iran standoff.

Sunita Somvanshi

August 19, 2026

Business·UK

UK Wage Growth Cools To 2.8% As Job Vacancies Hit Five-Year Low

UK private pay growth slowed to 2.8% in the three months to June while vacancies fell to 707,000, a five-year low, the ONS said on Aug 18.

Sunita Somvanshi

August 18, 2026

Suburban house representing the Australian housing market.

Australia·Business·News

NAB Home Loan Applications Drop as RBA Interest Rates Cool Housing Demand

NAB reports declining mortgage applications as RBA interest rates pressure homebuyers. Housing market slowdown reflects economic uncertainty. Australian buyers delay purchases amid affordability crisis impact.

Govind Tekale

August 17, 2026

Cargo trucks at US-Canada border crossing

Business·Canada·News·USA

Trump Raises the Ante: 50% Tariffs on Canadian Goods Set for August 19

As the August 19 deadline approaches, a 50% tariff on nearly $20 billion of Canadian goods stands ready to reshape North American trade. The clock is ticking three days away, and despite

Sunita Somvanshi

August 16, 2026

Urban construction site with tower crane — Australia housing construction

News·Policy

Australia Housing Target at Risk — Construction 27% Below Pace

Australia's target to build 1.2 million homes by 2029 is in serious trouble, with new construction 27 percent below needed pace. Reuters reports builders citing labour shortages, rising costs, stalled

Govind Tekale

August 13, 2026

Representative Image of a Social Security Admin Center

News·Policy·USA

2027 Social Security COLA Could Be Only 2.2% — Flawed Inflation Measure Costs Retirees Each Month

The cost-of-living adjustment for Social Security in 2027 is projected to be about 2.2%, a drop from 2026’s 2.8%, according to early estimates by The Senior Citizens League. That would push the

Sunita Somvanshi

August 2, 2026

Australia·Business

Australian Housing Market Records Third Consecutive Monthly Decline Despite Solid Annual Growth

Australia’s residential property market recorded its third consecutive monthly decline in home values in June 2026, according to data from CoreLogic, with national dwelling values falling 0.4 percent over the month. Despite

Sunita Somvanshi

July 30, 2026

Storm clouds and severe weather conditions in Alberta

Australia·Business

KPMG Australia to Sack Dozens of Partners and 1,000 Staff in Audit Scandal Fallout

KPMG Australia announced it will sack dozens of partners and approximately 1,000 staff members as the firm faces the fallout from a major audit scandal that has triggered a parliamentary inquiry and

Sunita Somvanshi

July 30, 2026

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